M&G PLC Sells 19,349 Shares of Trip.com Group Limited Sponsored ADR $TCOM

M&G PLC decreased its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 11.1% in the third quarter, HoldingsChannel.com reports. The fund owned 155,452 shares of the company’s stock after selling 19,349 shares during the period. M&G PLC’s holdings in Trip.com Group were worth $11,659,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its position in shares of Trip.com Group by 20.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,033 shares of the company’s stock worth $604,000 after purchasing an additional 1,359 shares during the period. HighTower Advisors LLC raised its stake in Trip.com Group by 6.6% in the third quarter. HighTower Advisors LLC now owns 72,589 shares of the company’s stock worth $5,459,000 after buying an additional 4,479 shares in the last quarter. Assetmark Inc. lifted its holdings in Trip.com Group by 7.2% in the third quarter. Assetmark Inc. now owns 53,951 shares of the company’s stock worth $4,057,000 after buying an additional 3,613 shares during the period. Caprock Group LLC bought a new stake in Trip.com Group during the 3rd quarter valued at approximately $575,000. Finally, Profund Advisors LLC grew its holdings in shares of Trip.com Group by 19.5% during the 3rd quarter. Profund Advisors LLC now owns 40,989 shares of the company’s stock worth $3,082,000 after acquiring an additional 6,680 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TCOM has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday, December 29th. Benchmark raised their price objective on Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Zacks Research upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Barclays increased their price target on shares of Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 19th. Finally, Bank of America boosted their price objective on shares of Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $81.25.

Trip.com Group Stock Performance

Shares of TCOM opened at $54.43 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. Trip.com Group Limited Sponsored ADR has a 12 month low of $51.35 and a 12 month high of $78.99. The company has a market cap of $35.56 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 3.84 and a beta of -0.14. The business’s fifty day simple moving average is $66.84 and its two-hundred day simple moving average is $69.16.

Trip.com Group Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.